Hours after presenting the 2026 Budget, Finance Minister Dr Cassiel Ato Forson said, auditors uncovered financial claims, falsified documents and outright fake invoices that had already passed multiple approval points.
Dr Forson said the audit report, which will be released next week, is “damning” and “troubling.” He recalled the moment he halted payments for some Interim Payment Certificate (IPCs) and falsified store receipts.
He disclosed “I said to my staff at the ministry that, look, when I got in, I said stop all the payments. Let’s do the audit before anything goes.”
Even though some payments were already far advanced payment. But Dr Forson stood firm.
He went on “Some of them felt that as for that one, it’s been processed and it’s legitimate. I said ‘Stop it’. My instinct told me to stop it. Let’s subject it to an audit.”
That decision, he revealed, exposed a massive problem. “You know how much was there? 13 billion,” he said.
“That GH¢13 billion, the Auditor General has validated. GH¢12 billion. The GH¢1 billion left, the Auditor General said, don’t pay. They are fictitious, so somebody just concocted them.”
“These are invoices, interim payment certificates, that have gone through all the process and are only waiting at the Auditor General’s office, at the Controller and Accountant-General’s office, and Bank of Ghana, just waiting for cash for payment. If not for that audit, Ghana would have lost that one,” he said.
Dr Forson said those responsible will be exposed. “Who are those responsible for this? Yes, the names are there. The audit will be out, and so they will publish not only their names, but the companies and all those behind it.”
He added that he chose not to announce the findings during the budget presentation because “I don’t want it to overshadow the excellent policies in the budget.”
He confirmed that “the Auditor General will present the document and then the Attorney General will have to take over.”
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